Egypt's Suez Cement Q2 net profit tumbles 57%
Published by Joseph Green,
Editor
World Cement,
Egypt's biggest cement producer by market value is Suez Cement. The company has posted a second-quarter net profit of US$7.8 million, down from the same period a year earlier.
The company announced that revenue dropped 15%. Revenue was damaged by lower prices and exports.
Suez Cement has declared that it is diversifying its energy sources to mitigate the impact of shortages.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/africa-middle-east/21072015/egypt-suez-cement-profit-tumbles-205/
You might also like
The World Cement Podcast - Securing success in Southeast Asia
Sayak Datta, Partner at Roland Berger joins the World Cement Podcast to dive into the details of a recent report highlighting five must-win themes for Southeast Asian cement producers.
Tune in to the World Cement Podcast on your favourite podcast app today.
